Shorewood, MN
Population 7,679 · Minnesota
About Shorewood, MN
Shorewood is a small community in Minnesota with a population of 7,679 residents. The median household income is $172,325 per year, which is above the national average. The median age in Shorewood is 48 years.
Housing in Shorewood has a median home value of $684,500 and median monthly rent of $2,099. Of the 3,021 total housing units, the majority are owner-occupied, with 2,774 owner-occupied and 178 renter-occupied units.
The unemployment rate in Shorewood is 4.5% and the poverty rate is 5.2%. 72.8% of residents hold a bachelor's degree or higher. The average commute time is 23.7 minutes.
How Shorewood Ranks in Minnesota
Cost of Living in Shorewood, MN
Compared to national averages, Shorewood has a median household income of $172,325 (129% above the national median of $75,149). Home values average $684,500, which is 180% above the national median. Monthly rent at $2,099 is 80% above the US average of $1,163. Within Minnesota, Shorewood's income is 132% above the state average of $74,221, and home values are 235% above the state median of $204,472.
Why Live in Shorewood, MN?
Shorewood offers a strong local economy with a median household income of $172,325, well above the national average, and a well-educated community where 72.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.2%, better than the national average. Additionally, the city features short commute times averaging just 23.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $684,500. However, Shorewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shorewood has a population of 7,679 with a median age of 48 years. Compare Shorewood with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Shorewood
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belle Plaine | 7,401 | $96,831 | $280,400 | Compare |
| Crookston | 7,388 | $54,003 | $160,700 | Compare |
| Wyoming | 8,063 | $101,938 | $328,900 | Compare |
| Albertville | 8,066 | $126,307 | $326,400 | Compare |
| Mahtomedi | 8,108 | $132,326 | $466,100 | Compare |
| New Prague | 8,195 | $98,424 | $323,500 | Compare |
| Orono | 8,205 | $181,875 | $952,400 | Compare |
| St. Francis | 8,279 | $101,875 | $297,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Shorewood
What is the population of Shorewood, MN?
The population of Shorewood, MN is 7,679 according to the latest Census data.
What is the median household income in Shorewood?
The median household income in Shorewood, MN is $172,325 per year.
What is the median home value in Shorewood?
The median home value in Shorewood, MN is $684,500.
What is the average rent in Shorewood?
The median monthly rent in Shorewood, MN is $2,099.
What is the unemployment rate in Shorewood?
The unemployment rate in Shorewood, MN is 4.5%.